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New Granada Ecuador - Coggle Diagram
New Granada Ecuador
Economic policies and resources of the region: Why was controlling the economy & trade routes in Ecuador important for Spain?
Ecuador is a coastal region, which made it an opportune location for trade routes
Connected with Europe, the Americas, and Asia.
Davis, R. P. (1983). Ecuador under Gran Colombia, 1820–1830: Regionalism, localism, and legitimacy in the emergence of an Andean republic (Doctoral dissertation). The University of Arizona. http://hdl.handle.net/10150/187615
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Spanish colonial policy enforced a mercantilist system, where colonies could only trade with Spain. This monopoly ensured that profits flowed back to Spain, limiting local economic development and reinforcing Spain's economic dominance.
Spanish economic policies often relied on the exploitation of indigenous labor through systems like encomienda. This control allowed Spain to maximize resource extraction without significant investment in local infrastructure or labor rights.
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